AMD Market Update
28 Mar 2026 • 01:17 GMT
The Armenian Dram (AMD) remains near 90-day highs, primarily supported by recent economic optimism and a rate increase by the Central Bank to 7.5%. against the US dollar, the AMD at 0.002652 has held steady, just above its three-month average, trading within a narrow 2% range. This stability comes as the USD gains modest strength from risk-averse market sentiment and inflation concerns, with the US dollar touching levels that reflect cautious optimism amid a challenging global environment.
Meanwhile, the AMD also strengthened against major currencies like the euro and British pound, trading above their three-month averages. Notably, the AMD rose 1.8% versus the euro and 1.9% versus the pound, supported by Armenia’s tourism increase and stable economic outlook. The AMD's gains are also reflected against the Japanese yen and Swiss franc, trading near 90-day highs, with the AMD up approximately 2.5% and 2.2%, respectively.
Overall, the AMD’s recent resilience reflects positive domestic developments and a relatively stable regional outlook, even as the USD continues to navigate broader market uncertainties.
